Category Archives: Majors

23 May: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1778 EurUsd traded a range of 1.1829/1.1755 on Tuesday, led mostly by developments in Italian politics, initially heading higher on the back of a pullback in Italian yields, before reversing sharply after a story that the Euro-sceptic Savona will be named econpmics minister. We now await the PMIs, and then later on, the FOMC Minutes. 1… Read More »

21 May: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1770 EurUsd set a new trend low on Friday on the back of increasing concerns about the agreement between Italy’s far-right League and 5-Star Movement on a governing accord that would slash taxes and ramp up welfare spending. There are also worries over what will happen to the Italian Government once they have formed a… Read More »

17 May: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1807 EurUsd set a new trend low on concerns that the 5 Star/League Parties are about to form an Italian Government with a proposal that the ECB write off the Italian government debt, sending shudders through the markets, but having fallen to 1.1762 it then bounced and has since consolidated near 1.1800. We may chop around… Read More »

16 May: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1840 EurUsd has fallen back to the year’s low at 1.1819, coming under pressure after some soft EU data and then later in the day by a firm US Retail Sales reading. German/EU CPI and US Housing Data in focus today. ECBs Draghi/Coeure will both be speaking, as will the Fed’s Bostic/Bullard. 1 hour/4 hour indicators:… Read More »

15 May: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1927 EurUsd is back at 1.1935; pretty much where it began the day after a range bound session. Today will be a busy one with regards the calendar,  with the focus to be on  the German/EU Preliminary Q1 GDP (exp +0.4% qq both for German/EU), the ZEW and the  US Retail Sales (exp RS-Ex Auto… Read More »

14 May: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1939 The US$ remained under some downside pressure on Friday, with the Euro reaching a high of 1.1967 after US import prices missed on the downside, before settling at 1.1940, near the 200 HMA. The EU/German Q1 GDP, May ZEW and the US Apr Retail Sales are early week data risks 1 hour/4 hour indicators:… Read More »

10 May: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1850 The US$ briefly headed to a new trend high against the Euro on Wednesday, reaching 1.1822 ahead of a bounce that saw a squeeze up to 1.1896 when the US$ came under some pressure following the soft PPI figure. It has since settled back at 1.1850, leaving the medium term outlook unchanged. US CPI today.… Read More »

9 May: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1863 The US$ briefly headed to a new trend high against the Euro in the US session, reaching 1.1838 while being underpinned by stronger US bond yields. The US exit from the Iran deal stemmed further dollar gains, allowing a bounce back to 1.1885 before settling the US session at 1.1863. A pretty empty calendar will… Read More »

8 May: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1922 The US$ briefly headed to a new trend high against the Euro following the uninspiring Sentix report on Monday, with the pair trading down to the rising trend support at 1.1897 before a mild bounce, to finish the day at 1.1925.  Tuesday is light on data and it could be a fairly tight session ahead.… Read More »